The financial crisis has transformed the risk landscape for insurers and their focus on key risks.  A recently published survey conducted by the Center for the Study of Financial Innovation in association with PriceWaterhouseCoopers indicates that climate change is “[l]osing its urgency as an insurance risk.” 
Read More Climate Change as a Risk Facing Insurers Drops in Importance

A preliminary inquiry is being undertaken into the operations of AIGFP in the UK. AIGFP is a  non insurance subsidiary of AIG and investigations will not touch upon the insurance operations of AIG in the UK or elsewhere. 
Read More The Serious Fraud Office (SFO) and the Financial Services Authority (FSA) Launches a Preliminary Inquiry into the UK Operations of AIG Financial Products Corporation (AIGFP)

In a recent interview, New York State Insurance Department Superintendent and returning chairman of the National Association of Insurance Commissioner’s (“NAIC”) Life Insurance and Annuities Committee Eric R. Dinallo stated that in light of the current economic crisis he will be reevaluating NAIC’s regulations with respect to variable annuities. 


Read More New York Superintendent Eric Dinallo Discusses NAIC’s Variable Annuity Regulations